Liberum Capital reaffirmed their sell rating on shares of Marks and Spencer Group (LON:MKS) in a report published on Wednesday. They currently have a GBX 250 ($3.27) price objective on the retailer’s stock.
MKS has been the topic of several other reports. Shore Capital restated a hold rating on shares of Marks and Spencer Group in a report on Tuesday, September 11th. Barclays restated an overweight rating on shares of Marks and Spencer Group in a report on Monday, October 15th. Credit Suisse Group restated a neutral rating on shares of Marks and Spencer Group in a report on Wednesday, September 5th. HSBC reiterated a hold rating on shares of Marks and Spencer Group in a research note on Monday, August 13th. Finally, Royal Bank of Canada reiterated an outperform rating on shares of Marks and Spencer Group in a research note on Tuesday, October 16th. Five investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Marks and Spencer Group has an average rating of Hold and a consensus price target of GBX 314.47 ($4.11).
Marks and Spencer Group stock traded up GBX 0.40 ($0.01) during midday trading on Wednesday, hitting GBX 312.70 ($4.09). 17,425,428 shares of the stock were exchanged, compared to its average volume of 7,590,000. Marks and Spencer Group has a 52-week low of GBX 274.30 ($3.58) and a 52-week high of GBX 397.80 ($5.20).
In other news, insider Steve Rowe sold 38,178 shares of the business’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of GBX 283 ($3.70), for a total value of £108,043.74 ($141,178.28).
About Marks and Spencer Group
Marks and Spencer Group plc operates various retail stores. It offers food products; and womenswear, menswear, kids wear, lingerie, and beauty and home products through its stores and online. The company operates 1463 stores, including 253 owned and 383 franchise Simply Food stores; and 343 full-line and outlet stores in the United Kingdom.
Further Reading: Technical Analysis
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